#subsidies
During a presidential conference on 25 May, Egypt's President Abdel Fattah Al-Sisi indicated that ongoing electricity cuts across the country are a necessary alternative to increasing power costs. "If the cost of electricity is one Egyptian Pound today, I would need to increase it to two or three Egyptian Pounds ," Al-Sisi stated at the conference “To keep the power on for 24 hours with no cuts, I would have to double or triple the price to match the true…
